Nathan Bissitt, Author at Business Ideas UK

Articles

Carpetright shares floored after profit warning

ByNathan BissittJanuary 19, 2018

Carpetright has become the latest UK retailer to issue a post-Christmas profit warning, its second in as many months, blaming a “sharp deterioration” in trade. Shares in the specialist carpet and floor coverings retailer slumped 48% on opening – an

Articles

HSBC to pay $101.5m to settle currency probe

ByNathan BissittJanuary 19, 2018

HSBC has agreed to pay $101.5m (£73m) to settle a US criminal investigation into the rigging of currency transactions. The case, brought against the UK-based bank by the Department of Justice in New York, centred on the activities of traders accused of using

Articles

Carillion hired BHS pension chief ‎before collapse

ByNathan BissittJanuary 18, 2018

The pension trustee who oversaw negotiations with Sir Philip Green over BHS’s retirement scheme deficit was parachuted in to advise on the crisis at Carillion days before the construction group collapsed. Sky News has learnt that Independent Trustee Services

Articles

Macron: UK must pay for City deal after Brexit

ByNathan BissittJanuary 18, 2018

Emmanuel Macron has warned Theresa May the UK will have to pay into the EU’s coffers in order to secure a Brexit trade deal on financial services. Speaking alongside the Prime Minister during his first visit to Britain since being elected, the French President

Articles

Evian to use 100% recycled plastic bottles by 2025

ByNathan BissittJanuary 18, 2018

Drinks firm Evian has announced all its bottles will be made of 100% recycled plastic by 2025. The company says it plans to become what it calls a “circular brand”, with all the plastic it uses being “kept within the economy and out of nature”.

Articles

Ministers set up Carillion collapse task force

ByNathan BissittJanuary 18, 2018

Ministers have set up a task force involving businesses and trade unions to support companies and workers affected by the collapse of Carillion. The construction and outsourcing giant, employing 43,000 people including 20,000 in Britain and engaged in a variety of

Articles

Why mobile gaming is about to get even bigger

ByNathan BissittJanuary 18, 2018

Though the opponents might change, the story of the video game industry has been largely defined by the battle for supremacy between the latest consoles. In the 1990s it was all about Sonic v Mario. Today, the Xbox One X brands itself as “the world’s most

Articles

Is a split brewing at Costa Coffee owner?

ByNathan BissittJanuary 18, 2018

It seems to be quite the season for major companies to contemplate breaking themselves up. On Tuesday, General Electric, one of America’s biggest and longest-established conglomerates, said it was considering a split. On Wednesday, Rolls-Royce, the aircraft

Articles

Emirates deal hands lifeline to superjumbo

ByNathan BissittJanuary 18, 2018

Airbus’s A380 superjumbo has been handed a lifeline after it said an order for up to 36 aircraft – potentially worth as much as $16bn – had been placed by carrier Emirates. It comes days after the European aircraft maker said it would have no choice but to close

Articles

Dear Carillion Employees

ByNathan BissittJanuary 18, 2018

I once attended a seminar where Lee Iacocca (https://en.wikipedia.org/wiki/Lee_Iacocca) was speaking. He is considered an extremely successful businessman but had been made redundant several times in his life. And he suggested that, when you meet someone who has lost